Mortgages 101 is designed to teach the fundamentals of the various types of loan products currently offered by lenders in our market and eliminate the confusion often associated with pursuing home financing. After an initial historical overview of the mortgage market in the last 10 years, the class begins with conventional lending, and explains and contrasts the available loan products of Fannie Mae, Freddie Mac, FHA, VA and USDA. Loan types are compared for easy reference, and the loan process is discussed from origination to funding to help understand the basic timeline associated with a mortgage. Note: For reference, specifics of individual loans will be the responsibility of the lenders.
39603 | 0127 | Austin Board of REALTORS® (CE) | 3 Continuing Education hours